SALESFORCE OFFICE CLOSE
Salesforce laying off 700 workers in latest tech industry downsizing: report
According to the Wall Street Journal, Salesforce still has 1,000 jobs open across the company, implying that the move could be more of a routine adjusting of the company's workforce
Tata Tech’s blockbuster market debut; Elon Musk attacks advertisers for boycotting X
Tata Technologies made a blockbuster debut on the stock markets today, listing at an impressive premium of 140% over its IPO price of Rs 500 per share. This and more in today’s ETtech Top 5.
The role of a Chief Technology Officer (CTO) in today's digital landscape
This article explores the role of a Chief Technology Officer (CTO) in today's digital landscape. It highlights the responsibilities of a CTO, including technology strategy development, driving innovation, managing technology infrastructure, fostering collaboration, and talent management. This article also discusses the skills and qualifications required for a CTO, such as technical expertise, strategic vision, leadership, and business acumen. Additionally, it emphasises the impact a CTO can have on driving digital transformation, fostering innovation, and enhancing competitive advantage within an organisation.
Slack is ready to ride AI wave: CEO Lidiane Jones
just nine months after taking on one of the most high profile jobs in Silicon Valley. "It's amazing what has happened to the world," Jones said of this AI moment that has captured the imagination of Silicon Valley and the world.
Salesforce to hire 3,300 people after layoffs earlier this year
The new hires will be split among sales, engineering and those working on Saleforce's data cloud product, Chief Operating Officer Brian Millham told Bloomberg.
The Importance of Financial Acumen for CXO Aspirants: Lessons from CXO Courses
Financial acumen is a crucial skill for executives at the C-level, such as CEOs, CFOs, and COOs, as they navigate the complex business landscape. It involves understanding and analyzing financial data to make informed decisions that impact the company's growth. CXO courses provide valuable lessons in financial acumen, covering topics like financial statement analysis, budgeting, risk management, strategic financial planning, and ethical decision-making. Developing financial acumen enhances leadership effectiveness and allows CXOs to drive growth, manage risks, and create long-term value for their organizations.
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Salesforce rallies as profitability push pays off
The business software firm behind workplace-messaging tool Slack and data analytics tool Tableau was set to add around $10 billion to its market value. The stock has risen more than 60% so far this year.
CFO Benefits: From Agile Operations to Informed Decision-Making
Hiring a Chief Financial Officer (CFO) can bring numerous advantages to businesses. CFOs contribute to strategic planning, risk management, and data-driven decision-making. They streamline financial reporting, optimize cash flow management, and reduce costs. CFOs also provide professional advice during mergers, acquisitions, or fundraising. Their expertise helps businesses make informed choices, identify growth opportunities, and mitigate risks effectively. With their financial knowledge and strategic thinking, CFOs enhance a company's resilience, competitiveness, and long-term success.
Roles and Responsibilities of CXO
Chief experience officers (CXOs) are responsible for ensuring positive experiences for both customers and employees of a company. They drive customer experience and employee experience and manage exceptional brand experiences. CXOs perform five key roles, including catalyst, champion, guider, designer, and orchestrator. They develop strategies and procedures to help companies create a customer-centric culture and acquire and retain customers. The CXO should possess strong leadership and communication skills, be information-driven and technically smart, able to work collaboratively as a team, calm under stress, and have a growth mindset.
Responsible innovation, reskilling needed as tech companies embrace generative AI: industry experts
Companies are betting big on Gen AI. HCL and Wipro announced Gen AI labs, with Wipro pledging $1 billion for developing AI solutions.
Salesforce CEO Marc Benioff shakes up top ranks: report
Miguel Milano has been appointed as the chief revenue officer, the source said, adding that Ariel Kelman will take over as Salesforce's chief marketing officer.
Mankind Pharma shares plunge over 5% as I-T department raids Delhi office
Shares of Mankind Pharma dropped 5.5% following news of India's income tax department conducting searches at its Delhi office. Its shares are still trading 4.8% above its listing price which was offered at Rs 1,080. Earlier this week, brokerage firm Antique initiated coverage of Mankind Pharma with a Buy rating and a target of Rs 1,584.
Salesforce considers more job cuts amid profit push, COO says
Salesforce in January announced it would eliminate 10% of its workforce, or about 8,000 employees, its largest-ever headcount reduction, and close offices across the US.
Salesforce signals strong position with buyback plan boost, upbeat forecast
Salesforce Inc on Wednesday forecast first-quarter revenue above analysts' estimates and doubled its share repurchase to $20 billion, indicating a strong cash flow for the company that has come under pressure from activist investors.
ETtech Interview | Non-tech sectors modernising faster as growth slows at tech firms: Postman CEO Abhinav Asthana
The most valued Indian Software-as-a-Service (SaaS) startup at $5.6 billion, Postman has partnered with companies like Axis Bank and Disney Hotstar in the domestic market.
Salesforce appoints new board directors amid activist investor pressure
The company appointed chief executive of hedge fund ValueAct Capital Mason Morfit, Mastercard finance chief Sachin Mehra and former chief executive of Carnival Corp Arnold Donald to its board.
Activist Elliott Management Corp to nominate directors at Salesforce: sources
Elliott, which invests more than $55 billion, is currently interviewing a number of people including technology industry executives and executives in other industries, for director's role at Salesforce.
Activist investor Elliott Management takes stake in Salesforce: report
Elliott has made many technology focused investments. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director.
Salesforce aims to cut costs by $3 billion to $5 billion: report
Salesforce said on Wednesday that it plans to cut jobs by 10% and close some offices, after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown.
Salesforce to layoff 10% of employees, close some of its offices
Salesforce Inc has announced that it would lay off about 10% of its employees and close some offices as a part of its restructuring plan, reported news agency Reuters.
Vimeo announces fresh layoffs, to fire 11% of its employees
In an email to staff, Vimeo CEO Anjali Sud cited the ‘uncertain economic environment’ for the layoffs.
SirionLabs rakes in $25 million in funding from Brookfield Growth
The homegrown SirionLabs, which is now based in Seattle, raised $85 million from Partners Group last May with participation from existing investors Sequoia India and Tiger Global.
Salesforce's Bret Taylor steps down as co-CEO, Marc Benioff to be at the helm
Benioff will remain the sole CEO and continue as board chairman of the software giant when Taylor departs on Jan. 31, the company said Wednesday in a statement. Taylor has been at the company for the past six years and was named co-CEO in November 2021.
CitiusTech acquires Salesforce partner Wilco Source
The deal will help CitiusTech expand its offerings reach out to a larger set of customers, the Princeton, New Jersey-based company said.
Salesforce to increase India headcount to 10,000 by Jan next year
"We are (Salesforce India's headcount) at about 7,500 plus. We are expecting that we will end FY23, which for us ends in January of 2023... we expect to be in the range of 10,000," she told PTI in an interview.
Salesforce shares fall as revenue forecast misses analysts’ estimates
Sales will be as much as $7.83 billion in the period ending in October, the San Francisco-based company said Wednesday in a statement. Analysts, on average, projected $8.05 billion, according to data compiled by Bloomberg.
Two SAP staffers say HR mishandled their work-event rape claims
The incidents -- one in Las Vegas and the other near Dallas -- provide an unsettling look into how some women at SAP say they struggled to convince their own HR team that they didn’t consent to sexual advances.
Slack counts India among its top 10 markets: country manager Rahul Sharma
The company held its official launch on Wednesday but has been present in India for the last few years with the likes of Zomato, Dreamsports, Freecharge, Razorpay, among others relying on the platform.
If you choose to work remotely, will you get left behind in the hybrid office?
The employees who are working in person may get more visibility with leadership.
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